On April 12, Xinghu Technology (600866.SH) announced that the company accepted 28 investment funds including China Europe Fund, China Capital Management, CITIC Industrial Investment Fund, Baekje Investment, Huaan Securities, and Huatai Assets. Institutional focus research. In the investor exchange activities, Xinghu Technology's new material business has attracted much attention. According to reports, the subsidiary Yipin Biology has deployed new material products such as pentamethylenediamine and bio-based nylon 56 in the production base in Heilongjiang. At present, it has built 10,000 tons of pentamethylenediamine and 20,000 tons of nylon 56 salt production lines, and is building 10,000 tons of nylon. 56-slice production line, which is expected to be put into operation in the second half of this year and reach production by the end of the year, and has the ability to rapidly expand the production scale.
It is understood that Xinghu Technology is one of the very few companies in China that has mastered the core technology of bio-based pentamethylenediamine and bio-based nylon 56 new material products and obtained corresponding patent protection, and is vigorously developing the market. According to the announcement, the company has cooperated with leading fabric manufacturers such as Zhejiang Dongli, Jinjiang Xinlian and Fujian Huafeng to promote the application of nylon 56 in its downstream Anta, Li Ning, Adidas, Nike and other domestic and foreign first-line clothing brand customers.
In February this year, it signed a strategic cooperation agreement with Guangdong Textile and Yongrong Jinjiang to jointly promote industrial chain cooperation such as pentamethylenediamine and bio-based nylon, and create a joint promotion model from slices, fibers, fabrics to clothing brands. In addition, Yipin Bio also further strengthens downstream promotion by participating in industry exhibitions, such as the 2023 China International Textile Yarn Exhibition and the 2023 Shanghai International Functional Textile Exhibition.
In addition, EYLON, a series of bio-nylon products of Yipin, has recently obtained the US Department of Agriculture (USDA) bio-based product label certification. The bio-based carbon content reaches 48%, and the carbon reduction effect is obvious. Promote the expansion of the downstream market.
Under the general trend of low-carbon environmental protection and sustainable development, bio-based materials have gradually become important raw materials in industrial production. Yipin Bio has been deeply involved in the field of biological fermentation for more than 20 years, and is one of the world's leading lysine manufacturers. Taking innovative research and development as the starting point, Yipin Biology cooperated with the Institute of Microbiology of the Chinese Academy of Sciences to develop the key technology of lysine derivatization and bio-based nylon polymerization, and opened up the process from lysine to bio-based pentamethylenediamine to bio-based The product route of nylon 56 fiber. Using bio-based pentamethylenediamine to replace petroleum-based hexamethylenediamine, and using advanced biotechnology to make high-quality bio-based nylon materials from recyclable plant materials, Yipin Bio has explored a new path for the green development of the nylon industry.
As a fiber material supplier, Yipin Bio actively explores the road of green development, strictly controls the raw material side, selects recycled and renewable plants, develops bio-based nylon materials, and then uses clean production processes to commit to environmental sustainability. At present, EYLON® products include glossy, semi-glossy, and full-dull slices, covering the application fields of filament, staple fiber, tops, etc., and various specifications can meet various product development needs. At the same time, Yipin Biotech launched a branding strategy to provide terminal brand customers with development, production, and traceability services for the entire industry chain, and to improve sustainable solutions for the entire industry chain. In addition, Yipin Bio also actively deploys the front warehouse mechanism to quickly respond to the needs of partners in the production chain of each cluster.
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